Fortinet Management

Management criteria checks 3/4

Fortinet's CEO is Ken Xie, appointed in Oct 2000, has a tenure of 24.08 years. total yearly compensation is $16.30M, comprised of 3.8% salary and 96.2% bonuses, including company stock and options. directly owns 8.35% of the company’s shares, worth R$34.62B. The average tenure of the management team and the board of directors is 3.3 years and 4.6 years respectively.

Key information

Ken Xie

Chief executive officer

US$16.3m

Total compensation

CEO salary percentage	3.8%
CEO tenure	24.1yrs
CEO ownership	8.3%
Management average tenure	3.3yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ken Xie's remuneration changed compared to Fortinet's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$16m	US$622k	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$967m
Dec 31 2022	US$14m	US$797k	US$857m
Sep 30 2022	n/a	n/a	US$743m
Jun 30 2022	n/a	n/a	US$674m
Mar 31 2022	n/a	n/a	US$638m
Dec 31 2021	US$14m	US$797k	US$607m
Sep 30 2021	n/a	n/a	US$555m
Jun 30 2021	n/a	n/a	US$515m
Mar 31 2021	n/a	n/a	US$491m
Dec 31 2020	US$11m	US$793k	US$489m
Sep 30 2020	n/a	n/a	US$460m
Jun 30 2020	n/a	n/a	US$417m
Mar 31 2020	n/a	n/a	US$378m
Dec 31 2019	US$10m	US$750k	US$332m
Sep 30 2019	n/a	n/a	US$396m
Jun 30 2019	n/a	n/a	US$375m
Mar 31 2019	n/a	n/a	US$349m
Dec 31 2018	US$7m	US$625k	US$335m
Sep 30 2018	n/a	n/a	US$121m
Jun 30 2018	n/a	n/a	US$89m
Mar 31 2018	n/a	n/a	US$62m
Dec 31 2017	US$4m	US$451k	US$31m

Compensation vs Market: Ken's total compensation ($USD16.30M) is above average for companies of similar size in the BR market ($USD5.73M).

Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.

CEO

Ken Xie (61 yo)

24.1yrs

Tenure

US$16,301,613

Compensation

Mr. Ken Xie has been Founder, Chief Executive Officer and Director at Fortinet, Inc. since October 2000. Mr. Xie serves as an Advisor at WI Harper Group. He serves as an Advisor at ForgePoint Capital Manag...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ken Xie	Founder	24.1yrs	US$16.30m	8.35% R$ 34.6b
Michael Xie	Founder	24.1yrs	US$7.37m	7.41% R$ 30.8b
Keith Jensen	Chief Financial Officer	6.8yrs	US$7.05m	0.00061% R$ 2.5m
John Whittle	COO & Corporate Secretary	17.8yrs	US$4.66m	0.0066% R$ 27.3m
Christiane Ohlgart	Chief Accounting Officer & Principal Accounting Officer	less than a year	no data	0.00034% R$ 1.4m
John Maddison	Chief Marketing Officer	5.8yrs	no data	no data
Trevor Pagliara	Executive Vice President of Sales	less than a year	no data	no data
Chris Perna	Vice President of Talent Acquisition	4.8yrs	no data	no data
Matthew Pley	Executive Vice President of America Sales	less than a year	no data	no data
Robert May	Executive Vice President of Technology & Product Management	1.8yrs	no data	no data
Joe Sarno	Executive Vice President of International Sales	less than a year	no data	no data
Carl Windsor	Chief Information Security Officer	less than a year	no data	no data

3.3yrs

Average Tenure

56yo

Average Age

Experienced Management: F1TN34's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ken Xie	Founder	24.1yrs	US$16.30m	8.35% R$ 34.6b
Michael Xie	Founder	23.8yrs	US$7.37m	7.41% R$ 30.8b
Kenneth Goldman	Independent Director	4.1yrs	US$277.94k	0.0055% R$ 22.9m
William Neukom	Independent Director	11.8yrs	US$294.86k	0.039% R$ 161.4m
Ming Hsieh	Independent Director	11.6yrs	US$271.69k	0.0074% R$ 30.7m
Gary Locke	Chairperson of Public Sector Advisory Council	2.4yrs	US$331.61k	no data
Judith Sim	Lead Independent Director	9.4yrs	US$277.36k	0.016% R$ 66.9m
James Clapper	Member of Public Sector Advisory Council	2.4yrs	no data	no data
Jean Hu	Independent Director	5.1yrs	US$270.77k	0.0043% R$ 17.9m
James Stavridis	Independent Director	3.1yrs	US$264.52k	0.0015% R$ 6.1m
Peter Jennings	Member of Public Sector Advisory Council	2.4yrs	no data	no data
Richard Shirreff	Member of Public Sector Advisory Council	2.4yrs	no data	no data

4.6yrs

Average Tenure

68yo

Average Age

Experienced Board: F1TN34's board of directors are considered experienced (4.6 years average tenure).

Fortinet Management

Management criteria checks 3/4

Key information

Recent management updates

Fortinet, Inc., Annual General Meeting, Jun 14, 2024

Fortinet Appoints Maggie Wilderotter to the Board of Directors

John Whittle Joins Fortinet, Inc. as Chief Operating Officer

Fortinet, Inc. Announces Retirement of Patrice Perche as Chief Revenue Officer and Executive Vice President in Mid-2024

Fortinet, Inc. Announces Public Sector Advisory Council

Fortinet, Inc., Annual General Meeting, Jun 17, 2022

Recent updates

Fortinet Expands Generative AI Capabilities Across Its Product Portfolio

Fortinet Delivers AI-Enhanced Data Protection and Insider Risk Management

Fortinet Expands Its Cloud-Native Security Offerings with the Introduction of Lacework FortiCNAPP

Airtel Business Partners with Fortinet, Launches 'Airtel Secure Internet' - A Next-Gen, Secure Connectivity Solution for Enterprises

Fortinet, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Fortinet Announces the Addition of Sovereign SASE and Generative AI (GenAI) Capabilities to its Robust Unified SASE Solution

Fortinet, Inc. Provides Earnings Guidance for the Third Quarter and Full Fiscal Year 2024

Fortinet Announces Updates to its OT Security Platform

Fortinet, Inc. (NasdaqGS:FTNT) signed a definitive agreement to acquire Lacework, Inc.

Fortinet Unveils New FortiGate 200G Series to Deliver Cutting-Edge Performance and AI-Powered Security Services to the Modern Campus

Fortinet, Inc., Annual General Meeting, Jun 14, 2024

Fortinet, Inc. to Report Q1, 2024 Results on May 02, 2024

Fortinet, Inc. Announces the Latest Version of Its FortiOS Operating System and Other Major Enhancements to the Cybersecurity Platform, the Fortinet Security Fabric

Fortinet Appoints Maggie Wilderotter to the Board of Directors

Fortinet, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

Fortinet, Inc. Converges 5G Dual Modem, AI-Powered Security, and Zero Trust to Securely Connect and Protect Operational Technology

John Whittle Joins Fortinet, Inc. as Chief Operating Officer

Fortinet Adds Fortinet Advisor, a Generative AI (GenAI) Assistant, to its Portfolio of More Than 40 AI-Powered Offerings

Fortinet, Inc. Announces Retirement of Patrice Perche as Chief Revenue Officer and Executive Vice President in Mid-2024

Fortinet, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023

Fortinet Announces the Expansion of Its Universal Sase Offering to Empower Today's Hybrid Workforce with Fortios Everywher

Fortinet Expands its SASE Solution to Bring Cloud-Delivered Enterprise-Grade Protection to Microbranches

Fortinet, Inc. Provides Earnings Guidance for the Third Quarter and Fiscal Year 2023

Fortinet Expands Its Secure Networking Portfolio to Further Drive the Convergence of Networking and Security

Kyndryl Launches New Managed SASE Service with Fortinet

Fortinet, Inc. Provides Revenue Guidance for the Second Quarter and Fiscal Year 2023

Fortinet, Inc. Provides Revenue Guidance for the First Quarter and Full Year 2023

Fortinet, Inc. Provides Revenue Guidance for the First Quarter and Full Year 2023

Fortinet, Inc. Unveils New ASIC to Accelerate the Convergence of Networking and Security Across Every Network Edge

Fortinet, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2022

Fortinet, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2022

Fortinet Introduces Enhanced AIOps Capabilities Across its SD-WAN, Wired/Wireless, and 5G/LTE Gateway Portfolio

Fortinet, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2022

Fortinet Announces FortiGate 4800F Series of Hyperscale Firewalls

Fortinet, Inc. Empowers Teams to Proactively Manage Cloud Risk with New Cloud-Native Protection Offering, Available Now on AWS

Fortinet, Inc. Announces Public Sector Advisory Council

Fortinet Unveils New Digital Risk Protection Offering to Empower Security and Executive Teams with Attacker’s View of Enterprise

Fortinet, Inc. Announces FortiNDR

Fortinet, Inc. Announces FortiNDR

Fortinet, Inc. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2022

Fortinet, Inc., Annual General Meeting, Jun 17, 2022

Fortinet, Inc. Announces the Release of FortiOS 7.2

Fortinet Announces It Has Suspended Operations in Russia

Fortinet, Inc. Provides Financial Guidance for the First Quarter and Fiscal Year 2022

Fortinet Simplifies Network Operations by Enhancing Security Fabric with Digital Experience Monitoring

Fortinet Extends FortiEDR Capabilities with Focus on Automation, Integration and Professional Services

Fortinet, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2021

AT&T Announces Alliance with Fortinet to Make Secure Access Service Edge (SASE)

Fortinet Delivers SASE and Zero Trust Network Access Capabilities with Major Updates to its FortiOS Operating System

Fortinet Announces AI-powered XDR for Fully Automated Threat Detection, Investigation, and Response

Service Providers Choose Fortinet Secure SD-WAN to Deliver Innovative Value-Add Offerings for Customers

Fortinet, Inc. (NasdaqGS:FTNT) acquired Panopta LLC for $34 million.

Fortinet Collaborates with AWS to Deliver an Integrated Next-Generation Firewall Solution to Protect Customer Workloads on AWS

Fortinet Announces First Secure SD-WAN Appliances for Operational Technology Environments

Fortinet, Inc. Announces FortiGate 2600F

Fortinet, Inc. to Report Q3, 2020 Results on Oct 29, 2020

Fortinet, Inc. (NasdaqGS:FTNT) acquired OPAQ Networks, Inc for $13 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age